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31.Which statement about a junk bond is incorrect? a. These bonds are issued by smaller companies with a high risk of default b. These bonds
31.Which statement about a junk bond is incorrect?
a. | These bonds are issued by smaller companies with a high risk of default | |
b. | These bonds pay less interest than the higher rated bonds | |
c. | There is a high chance that the issuing company would not be able to make the ongoing interest payments or pay back the principal | |
d. | Usually, investors with a high-risk tolerance invest in junk bonds |
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